FX RATES AND USDINR FWDS :
FX Rates and USD INR Forward Rate February 13, 2024
Major developments:
USD is now at 83.02. USDINR opened at 82.99. Fwd premia – 1 year fwd premia is at 1.81% p.a.
-Indian Jan CPI eased to 5.1%. IIP climbed 3.8% and mfrg grew by 3.9% in Dec.
-US CPI and retail sales are other important global data events for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 12-Feb-24 | 82.99 | 104.83 | 89.57 | 55.63 |
-USDINR is at 83.02.Prior day’s close was 83.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 7.10%.
-USDINR 1 yr fwd premia is at 1.81.%.
USDINR @ 83.02, EUR/USD@ 1.0763, GBP/USD @ 1.2612, USD/JPY @ 149.57, EUR/INR @ 89.35, GBP/INR @ 104.70, JPY/INR @ 55.51. Gold@2019, Brent Crude @ 82, Nifty @ 21711(+89), 10 Year G-SEC @ 7.105%.
Hedging:
USDINR payables can be hedged at 82.92/82.85 . USD EXPORTS can be hedged at 83.18/83.35.
Eur payables can be hedged at 89.20/88.50 . GBPINR
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